Parag Parikh ELSS Tax Saver Fund- Regular Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 80% of historical 3-year rolling periods.
- Strong capital defense: downside capture of 69% limits losses during market corrections.
- Cost-efficient: expense ratio of 1.83% is lower than category median (2.34%).
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +7.70% | +7.77% | -0.07% |
| 3 Months | +0.96% | +0.19% | +0.77% |
| 6 Months | +2.76% | +5.12% | -2.36% |
| 1 Year | -5.63% | +1.89% | -7.52% |
| 3 Years CAGR | +8.96% | +11.88% | -2.92% |
| 5 Years CAGR | +9.96% | +9.96% | 0.00% |
| 7 Years CAGR | +15.88% | +13.84% | +2.04% |
| Since Inception | +16.28% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Parag Parikh ELSS Tax Saver Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | -5.95% | +1.20% | -7.15% |
| 2025 | +5.04% | +3.57% | +1.47% |
| 2024 | +20.45% | +19.98% | +0.47% |
| 2023 | +27.37% | +27.84% | -0.47% |
| 2022 | +5.14% | +2.11% | +3.03% |
| 2021 | +36.25% | +32.16% | +4.09% |
| 2020 | +28.20% | +17.88% | +10.32% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -14.16% | +20.01% | +16.79% | +89.32% | 90.0% | 60.4% |
| 3-Year Rolling | +6.26% | +19.66% | +20.67% | +35.98% | 100.0% | 80.3% |
| 5-Year Rolling | +7.82% | +19.58% | +21.55% | +30.81% | 100.0% | 93.5% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-02-13 | 2020-03-23 | -29.7% | 1 months | 4 months |
| 2025-10-23 | 2026-10-08 | -15.7% | 11 months | Not yet recovered |
| 2021-10-18 | 2022-06-20 | -12.8% | 8 months | 3 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related instruments : 80-100% Money Market Instruments / InvITs / Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds : 0-20% Equity related instruments include convertible debentures, convertible preference shares, warrants carrying the right to obtain equity shares, equity derivatives, units of Real Estate Investment Trust and such other instrument as may be specified by SEBI. “For detailed asset allocation, please refer to the Scheme Information Document (SID) available on the website.” | Per Scheme Mandate |
Investment Objective & Strategy
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments. (80% of total assets in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 5,773 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to ELSS schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest ELSS Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Sundaram ELSS Tax Saver Fund | 4.6 | +9.27% | - | 93.2% | Rs 1,287 cr | Compare → |
| Groww ELSS Tax Saver Fund formerly known as Indiabulls Tax Savings Fund | 2.7 | +9.08% | 2.87% | 105.4% | Rs 52.5 cr | Compare → |
| LIC MF ELSS Tax Saver Fund | 2.9 | +9.54% | 2.48% | 98.8% | Rs 1,020 cr | Compare → |
| Mahindra Manulife ELSS Tax Saver Fund | 2.6 | +8.78% | 2.49% | 99.1% | Rs 892 cr | Compare → |
| PGIM India ELSS Tax Saver Fund | 3.6 | +9.64% | 2.55% | 96.8% | Rs 726 cr | Compare → |
Frequently Asked Questions about Parag Parikh ELSS Tax Saver Fund
What is the expense ratio of Parag Parikh ELSS Tax Saver Fund?
Parag Parikh ELSS Tax Saver Fund has a total expense ratio (TER) of 1.83% with a base expense ratio of 1.54%, compared to the ELSS category median of 2.34%.
Who manages Parag Parikh ELSS Tax Saver Fund?
Parag Parikh ELSS Tax Saver Fund is managed by Rajeev Thakkar (tenure: 7.3 years since 2019-07-24).
What are the historical returns of Parag Parikh ELSS Tax Saver Fund?
Parag Parikh ELSS Tax Saver Fund delivered a 3-year CAGR of 8.96% and a 5-year CAGR of 9.96%. Its 1-year return stands at -5.63%.
How large is Parag Parikh ELSS Tax Saver Fund?
Parag Parikh ELSS Tax Saver Fund manages assets of Rs 5,773 cr, placing it in the 'comfortable' size band relative to ELSS peers.
How is Parag Parikh ELSS Tax Saver Fund scored on MFIQ?
Parag Parikh ELSS Tax Saver Fund holds an MFIQ Score of 6.0/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Parag Parikh ELSS Tax Saver Fund?
Parag Parikh ELSS Tax Saver Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 11.38% with a maximum historical drawdown of -29.68%.